NLNG Train 7: The Future is Gas
NLNG’s plant complex quickly grew from a two-train plant in 1999 to a six-train plant nine years after startup. This earned NLNG the reputation of being the fastest growing LNG company in the world.
NLNG has delivered over 5,000 LNG cargoes to buyers around the world by engaging the best production practices, earning the company accolades as one of the most reliable plants in the world.
Having made great strides in the past, our focus is now on our future growth.
We are fully committed to our expansion programme: NLNG Train 7 Project which will increase our production capacity by 35% from the current 22 Million Tonnes Per Annum (mtpa) to 30mtpa.
This expansion will ensure that Nigeria, with its significant gas reserves (202 tcf of proven gas reserves, the 9th largest in the world) remains a top, reliable and preferred supplier of LNG in the ever-expanding energy world.
On 27th December 2019, NLNG’s Shareholders took Final Investment Decision (FID) for the Project and on 13th May 2020 awarded the Engineering, Procurement and Construction (EPC) Contracts for the Project to SCD JV Consortium, comprising affiliates of Saipem, Chiyoda and Daewoo.
Gas is the Future. The Future is Train 7. Train 7 is Growth.
Benefits of Train 7
Train 7 means growth for the Nigerian oil & gas industry. Over USD10 billion is expected to be invested in Train 7 and the upstream scope of the LNG value chain which will open up new development opportunities in the industry and boost Nigeria’s Foreign Direct Investment (FDI) profile as well as the confidence of foreign investor.
The Project is anticipated to create more than 12,000 new jobs during the construction stage, and on completion, it will help to further diversify the revenue portfolio of the Federal Government. It will also increase its tax base.
The Project will also support the development of local engineering and fabrication capacity.
Signing of Front End Engineering Design (FEED) with two consortia in a Dual FEED Process.
Guaranty Trust Bank of Nigeria and Sumitomo Mitsui Banking Corp. (SMBC) appointed as Financial Advisers for the Project.
NLNG and Nigerian Content Development Monitoring Board (NCDMB) signed off an approved plan for Nigeria Content (NC) for NLNG’s Train 7 Project.
NLNG issued a Letter of Intent for the Engineering, Procurement and Construction (EPC) Contract of the Project to SCD JV Consortium.
SCD JV Consortium is made up of Saipem of Italy, Japan’s Chiyoda and Daewoo of South Korea.
NLNG’s shareholders took the Final Investment Decision (FID) for its Train 7 Project in Abuja.
NLNG awarded the Engineering, Procurement and Construction (EPC) Contracts for its Train 7 Project to the SCD JV Consortium, comprising affiliates of Saipem, Chiyoda and Daewoo.